Buying or Selling a Home/Life estate

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Question
I am a beneficiary in a life estate after it reaches term, Q can I sell my share before, are there people who buy?

Answer
Hi Gary,
Sorry for the delay in answering your question.  We had a death in the family.

I believe it is possible to sell your interest in a life estate, depending on whether or not allowed by the legal instrument establishing the life estate; and whether or not there are other beneficiaries.

I'm sure there might be people who buy such instruments, but I would think that what they might pay you would be at a very steep discount.

Yours is a legal question, and by law I cannot give legal advice. Your best option for getting accurate, legal information/answers would be to contact an attorney for legal advice and let him/her review your life estate instrument.  I believe there are attorneys registered on the All Experts' site.

Sorry I could not give you a specific answer to your question.
Regards,
Elizabeth  

Buying or Selling a Home

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liznarr

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I can answer questions relating to the purchase and/or sale of residential homes and land, including what a really good agent should be expected to do and/or not do; where to turn when problems occur; and questions regarding disclosure. I`m a Licensed Realtor in the Southeast since 1984 with designations of Broker, GRI, CRS, and CBR (Certified Buyer Representative). Current active and Life Member of Million Dollar Club, Certified by State Real Estate Commission to teach Pre-Licensing and Continuing Education courses, specializing in Agency. Currently serving on Grievance and Professional Standards Committees, and Education Committee in past.

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